DSG GLOBAL INC - DSGT STOCK NEWS

DSG Global (OTCQB: DSGT) announces the launch of the Sagitta^TM EV, set for unveiling at the LA Auto Show on November 17. Designed by California Mobility Works (CMW) and Imperium Motors, the three-wheel vehicle aims to make electric vehicles more accessible with advanced configurability and spacious design. Initial testing starts mid-2022, with reservations opening shortly after, targeting limited production by late 2022. The partnership with Imperium Motors is expected to bolster distribution efforts, positioning both companies for growth in the expanding EV market.

DSG Global, Inc. (OTCQB: DSGT) reported remarkable revenue growth of 299% for Q2 2021, totaling $494,838 compared to $123,955 in Q2 2020. The growth is attributed to new installations of its Infinity, Tag and Text GPS systems. Gross profit also surged 299% to $293,684, reflecting strong sales momentum. However, the company faced a net loss of $1,076,258 but improved from a loss of $3,166,895 in the same quarter last year. Total assets declined to $2,042,050 from $2,434,354, driven by reductions in cash and an increase in inventory.

DSG Global, Inc. (OTCQB: DSGT) announced Imperium Motor Canada’s participation in the Montreal Electric Vehicle Show from September 17-19 and the Quebec Electric Vehicle Show from October 1-3, showcasing their latest electric vehicles, including the Imperium ET5 SUV. These events aim to respond to the increasing demand for EVs, with orders expected to start delivery in Q4 2021. Imperium will also participate in several significant trade shows, enhancing visibility and market engagement within the EV sector, while establishing new Experience Centers in North America.

DSG Global, Inc. (OTCQB: DSGT) has delayed its proposed reverse stock split, initially aimed at securing a national stock exchange listing. The decision, approved by shareholders until March 2022, aims to focus on strengthening cash flow and securing debt financing for expansion rather than equity financing. CEO Bob Silzer noted substantial progress in diversifying product lines and increasing sales. The company anticipates strong growth in the forthcoming months, positioning itself favorably amid current market conditions.

DSG Global, Inc. (OTCQB: DSGT) has announced a delay in its planned reverse stock split, initially proposed for a potential national exchange listing. The shareholder approval remains valid until March 2022. Instead, the company will focus on enhancing cash flow and securing debt financing to support expansion and inventory growth. CEO Bob Silzer emphasizes positive business developments and anticipates significant sales growth in the coming months. This decision aligns with the company's strategy to prioritize shareholder interests amid current market conditions.

DSG Global, Inc. (OTCQB: DSGT) and its automotive division, Imperium Motor Corp, are set to enhance their vehicle sales partnerships with Skywell Auto and Jonway Automotive Group. Skyworth Auto’s recent launch focuses on smart new energy vehicles. Imperium Motors is making strides, with the ET5 SUV achieving homologation for Europe and nearing approval in North America. Upcoming automotive shows will feature their current and new models. Regular shipments of various vehicles have begun, expected to boost delivery capabilities significantly in the latter half of the year.

DSG Global (OTCQB: DSGT) and its automotive division, Imperium Motor Corp, are ramping up vehicle deliveries from Skywell Auto and Jonway Automotive Group. Significant progress includes the ET5 SUV homologation for Europe and nearing approval in North America. New vehicles are regularly arriving at facilities, with major automotive shows scheduled to showcase models. CEO Rick Curtis highlighted the company’s shift to larger-scale deliveries, targeting individuals, fleets, and government agencies in the latter half of the year.

DSG Global Inc. (OTCQB: DSGT) announced its acquisition of MTG, Inc., an established automotive import/export company, aimed at enhancing its wholesale division. This strategic move is expected to increase cash flow and expand cross-border sales of electric vehicles through DSG's Imperium brand. The deal, valued at millions in stock post-NASDAQ up-listing, anticipates 100 monthly car sales generating around $33 million annually in the first year. Management veterans Michael Tersigni and Johnny Cooper will lead the new division, enhancing the company's distribution network and sales capabilities.

DSG Global Inc. (OTCQB: DSGT) has signed a binding memorandum of understanding to acquire MTG, Inc., an established automotive import/export company based in Canada. The acquisition aims to enhance immediate sales opportunities for DSG's wholesale division. MTG brings over 25 years of experience and a strong customer base, expected to contribute an estimated $33 million in annual sales. The completion of the deal is projected for Q3 2021 and hinges on due diligence and NASDAQ up-listing. The integration is anticipated to bolster DSG's cash flow and electric vehicle business.